Flashcards in Relevant case law Deck (4)
How can relevant case law assist?
Relevant cases used to help a court make a judicial decision
Where might you find relevant case laws?
RICS has an online library of recent and relevant court decisions on Landlords and Tenants
What case law can you think of in relation to margin of error for a valuation?
Permissible range allowed by courts is between 10% and 15% (e.g. in valuation)
Leading case = Singer and Friedlander v John D Wood & Co (1977) - stated that the margin of error can be 10% either side of the ‘right’ figure
Also reinforced in K/S Lincoln and others v CB Richard Ellis (2010) valuation of 4 hotels 2005